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UK-Based MultiFit Wellness To Invest Around 70 Cr In South India Market

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The functional fitness studio giant MultiFit,is all set to invest around Rs 60-70 crore in its South India market.Multifit, in association with Skyefit plans to expand its Bengaluru operations.17 large format functional fitness studios, are planned to be opened, in the city and around 100 fitness studios in the country,  over next 1 year.

At present, MultiFit operates a chain of over 32 large format functional fitness studios across the three countries viz India, UK and UAE. Furthermore it has 20 more signed up gyms that are scheduled to start operation over the next few months to come.This will take the total count to 52 fitness studios.

Multifit, also,  aims to emerge as a dominant player in the nutrition business, by expanding its online and sports nutirion segment.

Read EquityPandit’s Technical Analysis of Nifty

 

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